Smith Jada 4
4 · MICROVISION, INC. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
MicroVision (MVIS) Director Jada Smith Receives 22,007 Shares
What Happened
Jada Smith, a director of MicroVision, had 22,007 restricted stock units (RSUs vest) convert into 22,007 shares of common stock on 2026-03-02. The transaction is reported as an exercise/conversion of a derivative (code M): 22,007 shares acquired at $0.00 and the corresponding derivative instrument disposed of at $0.00. No cash changed hands — this was the vesting/distribution of compensation awards, not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-02. Transaction code: M (exercise/conversion of derivative).
- Shares acquired: 22,007 common shares at $0.00 (total value $0).
- Derivative disposed: 22,007 (reported as disposed in the filing, representing conversion of the RSU).
- Shares owned after transaction: not specified in the Form 4.
- Filing timeliness: Form filed same day as the transaction (no late filing indicated).
- Footnotes: RSUs vested and were distributed on a unit-for-unit basis without payment. The filing notes a prior Form 4 misreported the total RSU grant amount; the vesting reported here was calculated using the corrected grant total.
Context
This was a routine director compensation event (vesting/conversion of RSUs) rather than a market buy or sell. The "disposed" line refers to the derivative (the RSU) being converted into shares, not an open‑market sale of shares. Such vesting events are typical compensation and do not, by themselves, indicate insider buying or selling intent.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-02+22,007→ 126,358 total - Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-03-02−22,007→ 0 totalExercise: $0.00From: 2026-03-02Exp: 2026-03-02→ Common stock (22,007 underlying)
Footnotes (3)
- [F1]Vested restricted stock units, or RSUs, were distributed to the Reporting Person, without payment, in shares of common stock on a unit-for-share basis.
- [F2]At vesting, RSUs convert into shares of common stock on a unit-for-share basis, without payment.
- [F3]RSUs granted 06/06/2025 are scheduled to vest in four equal quarterly installments until fully vested on the earlier of the first anniversary of the grant date or the day prior to the Issuer's 2026 Annual Meeting of Stockholders, provided that the reporting person continues to serve as a director through each vesting date. The Form 4 filed on 06/06/2025 incorrectly reported the total RSUs granted on 06/05/2025 as 87,462 RSUs instead of the correct amount of 88,208 RSUs. The vesting reported herein was calculated based on the correct amount of 88,028 RSUs.